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Mr Green to fight Austrian tax bill as shares hit new 52-week low

6th October 2014 7:00 am GMT

Stockholm-listed online gaming operator Mr Green & Co has initiated legal proceedings in Austria as it looks to avoid being hit with a SEK100m tax bill in the country.

Austrian legislation implemented in 2011 requires that online casino operations be taxed at a rate of 40 per cent of sales (gross game win) which originate in the country.

This law applies irrespective of whether the company holds a licence in the country, or whether operations are conducted [...]

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